MARIETTA, Ga., Oct. 21, 2013 – Lockheed Martin [NYSE: LMT] has entered into an agreement — known as an Undefinitized Contract Action — with the U.S. Government for the Foreign Military Sale of the first two of 25 potential C-130J Super Hercules airlifters for the Kingdom of Saudi Arabia. Specifically, this contract action is for the purchase of two KC-130J refueling tankers.
“Here we see another nation recapitalizing with the proven C-130J,” said Chris Antone, vice president of business development for Saudi Arabia at Lockheed Martin Aeronautics Co. “As a legacy C-130 operator, the Kingdom of Saudi Arabia is familiar with the workhorse capabilities of the Hercules. With the addition of C-130Js, Saudi Arabia will have a proven asset that provides unequaled results — both regionally and around the world.”
The Kingdom of Saudi Arabia is the 16th country to choose the proven C-130J Super Hercules to meet its airlift needs. The C-130J is the standard by which all other airlift is measured in terms of availability, flexibility and reliability. C-130Js currently are deployed in two combat theaters where they operate at a very high tempo efficiently and reliably.